SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 177.320000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 183.420000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.890000000 |
| 2nd High | 185.870000000 |
| Next High | 183.420000000 |
| Current Price | 178.080000000 |
| Next Low | 177.320000000 |
| 2nd Low | 173.600000000 |
| 3rd Low | 173.430000000 |
183.420000000 – 185.870000000 – 185.700000000 – 177.320000000 – 180.000000000 – 189.940000000 — 40.37984017944 – 40.186888763083
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – – –